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SinglePoint | 8-K: Current report

SEC announcement ·  Mar 6 06:05
Summary by Futu AI
SinglePoint Inc., a renewable energy and healthy living company, announced on March 5, 2024, that it received a notification from the Cboe BZX Exchange on February 28, 2024, regarding its non-compliance with the Minimum Bid Price Requirement. The company's common stock failed to maintain the required minimum bid price of $1.00 over 30 consecutive business days. This notification does not immediately affect the listing or trading of SinglePoint's common stock on the Cboe BZX Exchange. SinglePoint has been granted a 180-day period, ending on August 26, 2024, to regain compliance with the bid price requirement. If the company's stock reaches a closing bid price of at least $1.00 for 10 consecutive business days before the deadline, it will be considered compliant. If compliance is not achieved...Show More
SinglePoint Inc., a renewable energy and healthy living company, announced on March 5, 2024, that it received a notification from the Cboe BZX Exchange on February 28, 2024, regarding its non-compliance with the Minimum Bid Price Requirement. The company's common stock failed to maintain the required minimum bid price of $1.00 over 30 consecutive business days. This notification does not immediately affect the listing or trading of SinglePoint's common stock on the Cboe BZX Exchange. SinglePoint has been granted a 180-day period, ending on August 26, 2024, to regain compliance with the bid price requirement. If the company's stock reaches a closing bid price of at least $1.00 for 10 consecutive business days before the deadline, it will be considered compliant. If compliance is not achieved, SinglePoint may be eligible for an additional 180-day grace period, provided it meets certain conditions. Failure to regain compliance after this period may lead to delisting, which the company can appeal. CEO William Ralston expressed confidence in the company's strategy to address the stock price issue and believes the company is undervalued, citing a significant discrepancy between market cap and revenues. SinglePoint is focused on growth and enhancing shareholder value through strategic initiatives.

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